After Walmart acquired a majority stake in Flipkart, co-founder Binny Bansal has formally stepped down from the e-commerce giant's board. Binny, who sold his remaining stake to Walmart, has initiated a new start-up called OppDoor.
Flipkart Wholesale hopes that its experiment with the fulfilment centre format in smaller Indian cities will help in pruning its costs and adding another layer to its omnichannel strategy
